Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2018

Stock-Based Compensation [Abstract]

Summary of Stock Option Activity

A summary of the Company’s stock option activity and related information for its option plan for the nine months ended March 31, 2018 and 2017 is as follows:

	2018					2017
	Shares			Weighted Average Exercise Price Per Share		Shares			Weighted Average Exercise Price Per Share
Outstanding at beginning of year		37,770		$	6.25		64,770		$	6.25
Exercised		(24,000	)	$	6.25		(27,000	)	$	6.25
Outstanding at period end		13,770		$	6.25		37,770		$	6.25
Exercisable at period end		13,770		$	6.25		37,770		$	6.25

Schedule of Options Outstanding and Exercisable

The following table presents stock options outstanding and exercisable at March 31, 2018:

Options Outstanding and Exercisable
	Range of Exercise Prices	Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$	6.25		13,770		0.50		$	6.25

Summary of Phantom Stock Option Activity and Related Information

A summary of the Company’s phantom stock option activity and related information for its option plan for the nine months ended March 31, 2018 and 2017 is as follows:

	2018			2017
Number of options outstanding at beginning of year		1,522,720			1,352,554
Options granted		594,200			578,200
Options forfeited		(27,000	)		-
Options paid in cash		(455,760	)		(408,034	)
Number of options outstanding at period end		1,634,160			1,522,720

	Three months ended March 31,				Nine months ended March 31,
(In thousands)	2018		2017		2018		2017
Cash paid out on options vested	$	-	$	-	$	1,187	$	845
Compensation costs recognized		640		410		1,460		998